Economic Development in Kazakhstan: The Role of Large Enterprises and Foreign Investment (Central Asia Research Forum Series)

Economic Development in Kazakhstan traces the role of large enterprises in the economy of Kazakhstan, their development through 70 years of socialism and their privatization since 1991 when Kazakhstan became independent. The book gives hitherto hidden insights into policies which aim at transforming the economy and individuals who now control parts of the economy and their political involvements, especially with the opposition party (Democratic Choice). This book will be of interest to professionals and business people connected to the region as well as scholars and students alike. Book Cover......Page 1 Title......Page 4 Contents......Page 5 List of figures......Page 8 List of tables......Page 10 Acknowledgments......Page 11 Introduction......Page 12 Foreign investment and industrial development prior to 1920......Page 21 Restoration and reconstruction of Kazakhstan's large enterprises in the new Soviet state, 1920 40......Page 38 The war and postwar development of the industrial economy, 1940 90......Page 54 Challenges of the economic collapse after independence in 1991......Page 71 Privatization, foreign investment, and consolidation in the principal enterprises of the nonferrous metals sector......Page 84 Privatization, foreign investment, and consolidation in the principal enterprises of the ferrous metals sector......Page 115 Foreign investment in gold mining and exploration enterprises......Page 138 Privatization and foreign investment in the principal oil enterprises and in the refineries......Page 155 Privatization, foreign investment, and consolidation in Kazakhstan's coal, natural gas, and uranium enterprises......Page 194 Privatization, foreign investment, and consolidation in the electric power and telecommunications sectors......Page 218 Summary and conclusions......Page 246 Notes......Page 258 Bibliography......Page 270 Index......Page 285 "Economic Development in Kazakhstan traces the role of large enterprises in the development of the country's industrial economy over nearly one hundred years, beginning at the turn of the previous century, continuing through the nearly seventy years of Soviet central planning, and ending with privatization in the decade since 1991 when Kazakhstan became independent." "This book gives hitherto hidden insights into policies adopted to transform the economy as well as to the individuals who gained control of the economy and to their political allegiances. Although touted as a very aggressive transition strategy, Anne Peck suggests that the privatization and sale of main enterprises has led to a surprising degree of control by just a few new investors and increasingly strong insiders. Controversially, the book concludes that it is the control demanded by these insiders rather than the success of any foreign investor that will ultimately determine the future development of the country's economy." "With many empirical examples of what the process of industrial privatization meant to individuals as well as to communities, this volume is of interest to professionals and business people connected to the region, as well as scholars and students alike."--Résumé de l'éditeur "Economic Development in Kazakhstan traces the role of large enterprises in the development of the country's industrial economy over nearly one hundred years, beginning at the turn of the previous century, continuing through the nearly seventy years of Soviet central planning, and ending with privatization in the decade since 1991 when Kazakhstan became independent." "This book gives hitherto hidden insights into policies adopted to transform the economy as well as to the individuals who gained control of the economy and to their political allegiances. Although touted as a very aggressive transition strategy, Anne Peck suggests that the privatization and sale of main enterprises has led to a surprising degree of control by just a few new investors and increasingly strong insiders. Controversially, the book concludes that it is the control demanded by these insiders rather than the success of any foreign investor that will ultimately determine the future development of the country's economy." "With many empirical examples of what the process of industrial privatization meant to individuals as well as to communities, this volume is of interest to professionals and business people connected to the region, as well as scholars and students alike."--BOOK JACKET Foreign Investment And Industrial Development Prior To 1920 -- Restoration And Reconstruction Of Kazakhstan's Large Enterprises In The New Soviet State 1920-1940 -- The War And Postwar Development Of The Industrial Economy 1940 To 1990 -- Challenges Of The Economic Collapse After Independence In 1991 -- Privatization, Foreign Investment, And Consolidation In The Principal Enterprises Of The Nonferrous Metals Sector -- Privatization, Foreign Investment, And Consolidation In The Principal Enterprises Of The Ferrous Metals Sector -- Foreign Investment In Gold Mining And Exploration Enterprises -- Privatization And Foreign Investment In The Principal Oil Enterprises And In The Refineries -- Privatization, Foreign Investment, And Consolidation In Kazakhstan's Coal, Natural Gas, And Uranium Enterprises -- Privatization, Foreign Investment, And Consolidation In The Electric Power And Telecommunications Sectors. Anne E. Peck. Simultaneously Published In The Usa And Canada.--t.p. Verso. Includes Bibliographical References (p. 247-273) And Index. This title traces the role of large enterprises in the economy of Kazakhstan, their development through 70 years of socialism and their privatization since 1991 when Kazakhstan became independent.